Analysts Offer Predictions for Nova FY2025 Earnings

Nova Ltd. (NASDAQ:NVMI - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Nova in a research note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst M. Prisco anticipates that the semiconductor company will post earnings of $6.89 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $275.00 target price on the stock. The consensus estimate for Nova's current full-year earnings is $5.78 per share.

Other analysts have also recently issued reports about the company. Needham & Company LLC restated a "hold" rating on shares of Nova in a report on Friday, November 8th. Benchmark increased their price target on shares of Nova from $240.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Finally, Citigroup raised Nova from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $226.00 to $240.00 in a research note on Monday, January 6th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.33.

Nova Trading Down 2.0 %

NVMI stock traded down $5.07 during midday trading on Thursday, reaching $251.81. The stock had a trading volume of 147,448 shares, compared to its average volume of 244,718. The company's fifty day simple moving average is $200.81 and its 200 day simple moving average is $204.37. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 46.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.42. Nova has a 52-week low of $142.53 and a 52-week high of $266.13.

Institutional Trading of Nova

A number of large investors have recently made changes to their positions in NVMI. Swedbank AB acquired a new position in Nova in the 4th quarter valued at about $2,954,000. Blue Trust Inc. increased its stake in Nova by 21.6% in the 4th quarter. Blue Trust Inc. now owns 1,462 shares of the semiconductor company's stock valued at $305,000 after purchasing an additional 260 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Nova by 1.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,169,625 shares of the semiconductor company's stock worth $230,358,000 after buying an additional 11,915 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Nova by 352.8% during the 4th quarter. SG Americas Securities LLC now owns 3,618 shares of the semiconductor company's stock worth $713,000 after purchasing an additional 2,819 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Nova by 253.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,327 shares of the semiconductor company's stock valued at $7,360,000 after purchasing an additional 25,345 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Nova Company Profile

Nova Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel, Taiwan, the United States, China, Korea, and internationally. Its product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging.